INQUIRER: In November 2007, the governor asked for a comprehensive “fiscal and performance audit” of the agency, which directs $25 million in annual profits to the city and any surplus funds to the schools. “Accounts of skyrocketing expenses, bloated payrolls, excessive salaries, and parking-garage mismanagement suggest that the internal fiscal and management controls” were not in place, he wrote. This week, 20 months and $122,000 later, a near-final draft of the report appears that is neither comprehensive nor prescriptive. “Our procedures did not constitute an audit, review, or compilation of the information provided and, accordingly, we do not express an 
opinion or provide any other form of assurance on the completeness or accuracy of the information,” the 37-page report states. In other words, it is weak tea. […] The tragedy is that the PPA isn’t just another bloated, patronage-filled government agency awash in incompetency. It’s a cash-rich, bloated, patronage-filled government agency awash in incompetency that could be pumping badly needed funds into the city and schools. “In this time of fiscal crisis, when they’re talking about laying off police officers, firefighters and closing libraries, we’ve got an agency that’s collecting cash faster than you can possibly imagine, and it’s not going to the places it’s supposed to fund,” Gym says. “Who do we need to look at it? Are we going to leave it up to people with titles and say, ‘Hey, they’re going to take care of it?’ Why do you think things stay the way they are?” MORE
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PREVIOUSLY: CONTEST: Question The Parking Authority
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